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Jan 31, 2013
01/13
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. >> dana: president obama's bill the more of it is government spending. you can't expect the economy to be able to take care of itself and grow. just on government spending alone. >> eric: that is the word. "growth." if you just keep spending government money you are not creating growth. just creating fuel -- >> bob: what is wrong with the administration, then? let the cuts take place in defense and domestic spending. >> dana: that is the white house's idea in the first place. before we, go greg has his brush here. been on the whole table the whole time. such a big mouth. >> greg: here we are talking about msnbc and you are lying. this is your brush. >> dana: it is not my brush. this is the one they use for you to bring it out and do your hair. >> kimberly: you are like the fonz. >> greg: i'm going to msnbc. they will understand me there. >> dana: the first order of business for president obama back in 2009. >> the first executive order we are signing. guantanamo will be closed no later than one year from now. w there is news on the administration's effor
. >> dana: president obama's bill the more of it is government spending. you can't expect the economy to be able to take care of itself and grow. just on government spending alone. >> eric: that is the word. "growth." if you just keep spending government money you are not creating growth. just creating fuel -- >> bob: what is wrong with the administration, then? let the cuts take place in defense and domestic spending. >> dana: that is the white house's idea in...
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Jan 30, 2013
01/13
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obama has made it clear he would like to do more stimulus spending. repu republicans aren't open to that. they control half of -- control the house and democrats control the senate. it remains to be seen what will happen. the deficit is a problem and needs to be dealt with. it is not going to progress the way it is raised. >> for the fourth quarter he slufrpgs in terms of growth. now is the worst possible time to cut spending even further. the economists look at this slijage and say it was due in large parts of federal spending being cut. what is the con sefb tive answer -- conservative answer to that? >> we spent nearly a trillion dollars in the initial stimulus bill in january or february 2009. we have spent hundreds of billions more over the next 3 and a half years to try to stimulate the economy. we have gotten sadly used to this new normal between the gdp of 1 and say 2 percent. that is the status in the united states of america. we have the worst u.s. recovery ever on record in this president. economics is a straight forward signs. you look over
obama has made it clear he would like to do more stimulus spending. repu republicans aren't open to that. they control half of -- control the house and democrats control the senate. it remains to be seen what will happen. the deficit is a problem and needs to be dealt with. it is not going to progress the way it is raised. >> for the fourth quarter he slufrpgs in terms of growth. now is the worst possible time to cut spending even further. the economists look at this slijage and say it...
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Jan 24, 2013
01/13
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bush, more spending. obama, less spending. that is what is true. >> it's clear the president is not serious about cutting spending. but spending is the problem. >> we've got to stop the president on this issue. he is an out-of-control train right now on spending. >> the president remains committed to an agenda that calls for ever higher spending, a government that is out of control. >> the president wants to pretend that spending isn't the problem. >> it is a spending problem. and the president wants to increase taxes to continue the spending. >> these democrats are going to spend us right into bankruptcy. they're not serious about getting things under control and stopping the spending. >> the white house is so unserious about cutting spending. >> none of that is true. i mean, to the extent that true means attached to facts. here is spending under bush. here is spending under clinton. here is how spending has dropped under president obama. these guys were not mad about george w. bush's big spike in spending, buzz they have dec
bush, more spending. obama, less spending. that is what is true. >> it's clear the president is not serious about cutting spending. but spending is the problem. >> we've got to stop the president on this issue. he is an out-of-control train right now on spending. >> the president remains committed to an agenda that calls for ever higher spending, a government that is out of control. >> the president wants to pretend that spending isn't the problem. >> it is a...
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Jan 25, 2013
01/13
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some arked it will add to the nation's growing debts unless spending cuts are made elsewhere. president obama has promised to sign the bill if it makes it to his desk. >>> the battle between lawmers over gun control. tonight vice president joe biden took his push for tougher gun control laws on the road as a prominent democratic senator vows to passault weapons ban. jennifer davis has that story. >> reporter: vice president joe biden continues the administration's push for tighter gun restrictions following the massacre in newtown. today it's a round table discussion in richmond, virginia with gun safety experts called in after the 2007 virginia tech shootings. thursday it was an online discussion. >> just like you don't have the right to go buy an m1 tank, just like you don't have the right to buy an automatic weapon. >> reporter: biden says the administration supports the second amendment but believes tighter gun laws are needed to protect americans. >> i'm much less concerned quite frankly about what you call an assault weapon than i am about magazines and the number of rou
some arked it will add to the nation's growing debts unless spending cuts are made elsewhere. president obama has promised to sign the bill if it makes it to his desk. >>> the battle between lawmers over gun control. tonight vice president joe biden took his push for tougher gun control laws on the road as a prominent democratic senator vows to passault weapons ban. jennifer davis has that story. >> reporter: vice president joe biden continues the administration's push for...
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Jan 25, 2013
01/13
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he said, "fair share" like he got ahold of the talking point from obama. >> eric: if you break down his yearly, annual income of $60 million a year. he made $3.5 million the last year we have stats for. but he made $57 million on sponsors, on advertisers who spend money to make sure that he sells the product. if half the country is liberal and half the country is conservative, half the people buying the products are going to be liberal. and they probably took issue with what he had said. the advertisers saying listen, you are alienating half of our customer base. walk it back. do it quickly or risk losing advertisers. >> andrea: if you look at what governor brown wants to do. there is proposition 30, hike up taxes for those making more than $250,000. 60% tax break. william la jeunesse found out businesses and individuals not just mickelson are leaving in droves. this is a problem in new york, new jersey, connecticut. so there is no money to pay for the big welfare state. they need to retain him. >> dana: a i. cycle. he shouldn't take advantage of the platform and his ability to speak to
he said, "fair share" like he got ahold of the talking point from obama. >> eric: if you break down his yearly, annual income of $60 million a year. he made $3.5 million the last year we have stats for. but he made $57 million on sponsors, on advertisers who spend money to make sure that he sells the product. if half the country is liberal and half the country is conservative, half the people buying the products are going to be liberal. and they probably took issue with what he...
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Jan 25, 2013
01/13
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obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and
obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you...
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Jan 28, 2013
01/13
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and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it wasn't very likely the european union would fall apart, even though
and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the...
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Jan 31, 2013
01/13
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and i think, what a bunch of crap. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company money. you had a light increase in inventory compared to the first quarter. that takes some of gdp away. you know you're not going to have that consumer spending for consierms going forward. you have declines in both exports and imports and that had a solid impact on gdp. but you have to be concerned about what's going to happen with exports and, of course, st weak imports. you have to be concerned about that being weak. they're not negative year over year yet, but the flows have slowed down and having declining exports and imports really a bad sign for the economy. i look at the things tha
and i think, what a bunch of crap. >> did obama say it was the republicans' fault? i saw that. >> i didn't see that. but these are the kinds of things, look at gdp. you can see why it fell. but then people go beyond that and ask it in some femetaphysic way. the dividend fell under pressure. but when you look at what was beyond the gdp components, we had a nice spice in consumer durables. some of that was people buying cars after the storm and so they're spending insurance company...
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Jan 28, 2013
01/13
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exhibit a, obama is upside down in his approval ratings on every economic usher. it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney and obama were 43 and 44% each. you need 51% or above to win. the obama people kept adding points for women, immigration, hurricane sandy. they were able to get their realization that economy may be most important,, but it is not the only thing. you only had to choose one candidate, you do not have to choose one issue. where do people who believe in free well, human reason, intelligence and your ability and have issues that are important to you. now republicans dealing with fiscal cliff and debt
exhibit a, obama is upside down in his approval ratings on every economic usher. it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to...
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Jan 26, 2013
01/13
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in spending, the expansion of the government. or to put it in a more abstract and grand was the difference between federal and state which was tilting more toward state. when the question is put that way, the country shows itself to be center-right country. had republicans been able to duplicate those conditions, that framework in 2012, they would have won. but it is not the same election. 2010 is almost purely ideological election. perhaps the most ideological since 1980. then you get to 2010, when you have a personality involved and you have a figure represents one side. romney is a good man. i like him. i think he is an honorable man, and i think he would have made an excellent president. but he was a bad candidate particularly in an election that could have been one had been an election about ideas and philosophy. i think it would have been easily won had been about ideas and philosophy. but he was not the math -- he was not the best man on our side to make that case. secondly, he decided not to make the case either way and t
in spending, the expansion of the government. or to put it in a more abstract and grand was the difference between federal and state which was tilting more toward state. when the question is put that way, the country shows itself to be center-right country. had republicans been able to duplicate those conditions, that framework in 2012, they would have won. but it is not the same election. 2010 is almost purely ideological election. perhaps the most ideological since 1980. then you get to 2010,...
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Jan 31, 2013
01/13
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FBC
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the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed americans back to work. as to the markets, of three indices finishin
the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal...
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Feb 1, 2013
02/13
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well, consumer spending, con instructor spending, all of that is fine. so now they're saying, look, obama is failing because of the contraction their policies that we forced h imto put into place. >> and these are actual numbers, melissa, 9,000 government jobs were lost in january. 74,000 government jobs lost in 2012 alone. 600,000 government jobs lost since february, 2010. these are government jobs. >> right. and two things. remember, a lot of these are jobs that are happening at the state level. these are governors and local administrators, even mayors, who are cutting their city and state budgets. what we know is in 2010, we had a huge overtake of these gubernatorial positions by republicans who are primary republicans who are cutting these government jobs, often jobs that provided an opportunity to lift into the middle class, so many working class people, especially people of color. >> this is one of the reasons why the black unemployment numbers have not gone because we are over-indexed in the public sector. that the state and local republicans are
well, consumer spending, con instructor spending, all of that is fine. so now they're saying, look, obama is failing because of the contraction their policies that we forced h imto put into place. >> and these are actual numbers, melissa, 9,000 government jobs were lost in january. 74,000 government jobs lost in 2012 alone. 600,000 government jobs lost since february, 2010. these are government jobs. >> right. and two things. remember, a lot of these are jobs that are happening at...
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Jan 27, 2013
01/13
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those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain position and it is not going to necessarily unfold that way. there are no absolute right now. it is early in yet another chapter of the on going rangles we have been having. so i would put no more into it. it is a prediction and i don't think either side has anything to gain. remember the virginia economy, a lot of places very dependent on defense and other industries, neither side will look good if they cannot make an agreement. it is a prediction but one that i don't necessarily think will be true. >> david cuts wo
those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will...
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Jan 29, 2013
01/13
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MSNBC
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>> yeah, you might remember hearing in the election that president obama was haollowing out the military, they were going to prevent the hundreds of millions of cuts that president obama was going to put in. these were not new cuts we were talking about. this is all about the sequester, which is a policy that paul ryan voted for as part of the budget control act. republicans from paul ryan to mitt romney all the way on down spent most of the election in 2012 arguing that the sequester would be a complete disaster, because of what it would do to the military. now they're saying, after they lost the election and after the retreat, that absolutely, they don't mind the sequester at all, it's no big deal, they're happy to let it happen if democrats don't move. in that way, it's become a somewhat transparent bluff, which doesn't mean the bluff won't be called and we won't have the sequester. one thing i should say about the sequester, it's bad policy. >> what do you think is going to happen? >> i don't think it will happen for very long. i think it might happen for a year or two. but i think i
>> yeah, you might remember hearing in the election that president obama was haollowing out the military, they were going to prevent the hundreds of millions of cuts that president obama was going to put in. these were not new cuts we were talking about. this is all about the sequester, which is a policy that paul ryan voted for as part of the budget control act. republicans from paul ryan to mitt romney all the way on down spent most of the election in 2012 arguing that the sequester...
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Feb 1, 2013
02/13
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CNBC
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the measure postpones spending and tax cuts for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not bad so far. that would be getting back almost exactly what we lost yesterday. we lost about 49 points. and there's a lot of -- it was a great january, but then got that gdp number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was
the measure postpones spending and tax cuts for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not...
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Jan 31, 2013
01/13
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spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester
spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all...
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Jan 31, 2013
01/13
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. >> the obama administration likes to say they're doing everything they can to keep spending down. right? >> we're consolidating programs that are duplicative. how can we eliminate additional waste? >> we also wanted to protect against any and all cases of waste, fraud and abuse. >>brian: a new study indicates that despite their intentions, big government is still wasting millions and possibly billions of dollars in duplicate funding for research. stuart varney is here. the economy is not growing. we expected something different because the jobs numbers look pretty good. >>steve: our economy at the moment is contracting, and that's -- look, a whole bunch of excuses as to why this is happening. years ago it was the tsunami. that's what's hurting. then it was the wicked europeans. then it was those wicked republicans. now of course it's president bush all over again. or sanding or lower defense spending. there's always an excuse. the fact is we've spent an enormous amount of money -- trillions of dollars -- building up our bureaucracy. we've got a bureaucratic mess on our hands and w
. >> the obama administration likes to say they're doing everything they can to keep spending down. right? >> we're consolidating programs that are duplicative. how can we eliminate additional waste? >> we also wanted to protect against any and all cases of waste, fraud and abuse. >>brian: a new study indicates that despite their intentions, big government is still wasting millions and possibly billions of dollars in duplicate funding for research. stuart varney is here....
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Feb 1, 2013
02/13
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MSNBC
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but president obama's remarks three years ago are so true to this day. >> last week the supreme court reversed a century of law that i believe will open the floodgates for special interests, including foreign corporations, to spend without limit in our elections. >> to spend without limit in our elections. let's bring in msnbc political analyst and bloomberg view columnist jonathan alter. great to have you with us tonight. it's a new age of politics. it's all about the money. the democrats are in this game, but we know many of them, it turns their stomach to do it. is it a must? >> it is, unfortunately. it's a necessary evil. otherwise, you're fighting with one hand tied behind your back. now, the thing to understand is that taking back the house for the democrats is not likely to happen in 2014 because of the way these congressional districts have been drawn. >> isn't that amazing? that's just amazing to think about that. >> you have to take a state like pennsylvania, which is a blue state. went for obama both times. they have 13 republican congressmen and 6 democratic congressmen. t
but president obama's remarks three years ago are so true to this day. >> last week the supreme court reversed a century of law that i believe will open the floodgates for special interests, including foreign corporations, to spend without limit in our elections. >> to spend without limit in our elections. let's bring in msnbc political analyst and bloomberg view columnist jonathan alter. great to have you with us tonight. it's a new age of politics. it's all about the money. the...
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Jan 28, 2013
01/13
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WRC
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increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut additional spending to be part of a bigger agreement that republicans weren't able to agree to. there is more room for spending cuts. it's a matter of how you do it. >> the president was
increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think...
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Jan 28, 2013
01/13
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the tax and spend and big government approach has always failed. so our job as conservatives is to make sure americans know that. and we need to show it with real people and real faces. >> but a lot of this we have to remind ourselves is about economic growth. what makes the economy grow, what gets people back to work, and what role does washington play in that? >> we know how to get out of tough times. we got out of the great depression by investing in what we wanted to be as a country, by investing in jobs rather than focusing on our fears. you know, i would push back and say that the big issues of this day also include marriage equality. they include comprehensive immigration reform. and right now when you look at joblessness in this country, you know, the country is back to pretty much where it was when this president started. white people in this country are doing a bit better. black folks are doing a full point worse. so with this president having said to us we need to invest in strategies to lift all boats, now that some boats are clearly mo
the tax and spend and big government approach has always failed. so our job as conservatives is to make sure americans know that. and we need to show it with real people and real faces. >> but a lot of this we have to remind ourselves is about economic growth. what makes the economy grow, what gets people back to work, and what role does washington play in that? >> we know how to get out of tough times. we got out of the great depression by investing in what we wanted to be as a...
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Feb 1, 2013
02/13
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president obama just announced that he would spend an extra $165 million syria. this makes america the biggest donor at about a third of a billion dollars. that's $15. it's not enough. as we've heard the humanitarian situation needs a lot more money the syrian opposition has asked for $62 billion. i don't know where it will end up, but clearly the humanitarian issue needs a lot more money. the question here tonight is can america saved syria? only the syrians can save syria. america cannot nation-building the middle east and shouldn't get in the middle of a sectarian and ethnic war. we tried to do that twice and we have spent over $100 trillion in iraq and afghanistan. we've tried to pick winners. we haven't been happy with them. we don't know how to do it. we can't pick ethnic winners either. in iraq we try to cash in on the sunnis that have been willing iraq and they've been put there by the british and through than the bottom of the society and we have raised up to 60% in the name of democracy. today we have another tyrannical rule forming. the sunnis are the
president obama just announced that he would spend an extra $165 million syria. this makes america the biggest donor at about a third of a billion dollars. that's $15. it's not enough. as we've heard the humanitarian situation needs a lot more money the syrian opposition has asked for $62 billion. i don't know where it will end up, but clearly the humanitarian issue needs a lot more money. the question here tonight is can america saved syria? only the syrians can save syria. america cannot...